Was thinking about gold. How do you buy on the dip? Make the dip. Sell 1.x paper and stealth buy 1 physical until you get to your dollar cost average of paper purchases. It will be interesting to see changes in soveriegn and fund holdings next period.

That is roughly 34 tons in total. Given that China blocked gold exports so they could accumulate their 300 tons of domestic production annually, I just don't think that the "private" gold market (APMEX, Gainsville Coins, US Mint, etc) has the supply to meet real demand.

So the "dip" is an opportunity for the small fry to get a little here and there.

Gold price directly correlates to the implosion of fiat money. I think Volker even said so in retrospect regarding the late 70s gold run up (which we aren't even close yet - at the peak in 80 ever M1 dollar in circulation could have been redeemed for gold and there would have been gold left over - this is from a Rickards interview on KWN but not sure exactly which one).

Gold price manipulation is purely about keeping the system going ... and it works until one day it doesn't ...

So they arrest a trader that lost money for the bank? Yet banks lose money all the time for their clients, the banks are not arrested? Funny how that is, if a trader for a bank loses money then the trader is arrested but how many billions have been lost of other people's money by banks? How much of tax payers money has been lost by the betting of banks? What absolute bull shit.